Monday, August 28, 2006
[872] Of bye bye Chad, hello Venezuela
It's likely that many Malaysians and others have already read that Petronas - the giant Malaysian state-owned oil and gas company - has been kicked out of Chad. In a rather suspicious way too. The Chadian president alleges that Petronas fails to pay taxes to the Chadian government. After doing some reading, I feel the expulsion of Petronas is an exercise by Chad to forcefully nationalize part of Chadian oil and gas industry. That taxes stuff is simply a red-herring:

The surprise move followed Chad's decision to create a new national oil company, which it said should become a partner in the country's existing oil-producing consortium, led by U.S. major Exxon Mobil and including Chevron and Petronas.


If you're a Malaysian and you haven't heard of the expulsion, then you're probably too busy talking about a wedding between a Malaysian pop star and er, somebody.

Interestingly, the People's Republic of China seems to have a hand on the Malaysian explusion given that the PRC stands to directly benefit from Malaysian loss. So, it's kind of hard to shrug off the idea that the PRC might have a hand on this.

Whatever PRC role in this expulsion is, if Petronas is kicked out, Chad is stealing from Malaysian citizens. But then, given the fact that Chad was the world's most corrupt nation according to Transparency International last year, we should have seen this coming.

While that happens, here comes Hugo Chavez to the rescue:

KUALA LUMPUR: Venezuelan President Hugo Chavez received a red-carpet welcome in Malaysia on Monday ahead of talks expected to focus on politics in the Middle East and cooperation in the oil and gas sector.


Socialist or not, black gold is still black gold. I'm sure even commies understand what that means.

Who needs Chad, eh?

Welcome Hugo Chavez.
09:49 EST | Permalink | (2) Comments


Off topic. Anyway, thanks bro for having quite a good eyes. Was suppose to write 49 on my website. :p

By xraze, at 30 August, 2006 10:16  


no problem. thanks for visiting

By __earth, at 31 August, 2006 09:29  


                   

nav 
home
about
gallery
archives
site feed
blogroll 
Ada apa dengan ShinShin
Adam Smith Institute
Ann Arbor Is Overrated
The Big Picture
broken porcelain
The Challenge
theCicak
Cikgu Lee
Daily Dose of Imagery
Daily Kos
Environmental and Urban Economics
Economist's View
Games Design Art Culture
Greenpeace Weblogs
Greg Mankiw's Blog
Infernal Ramblings of a Thoughtless Mind
Laputan Logic
MGoBlog
Mike Ng
Nik Nazmi
pelf-ism is contagious
Politics 101 Malaysia
RealClimate
Samizdata.net
Screenshots
Single State of Consciousness
The Storyteller
Le spectateur
Wikipedia Blog
WorldChanging
michigan 
University of Michigan
LSA
Economics
University Library
Solar Car Team
Field Hockey Club
Michigan Student Assembly
Environmental Justice Group
Malaysian Students' Association
newsfeed & misc 
BBC
Bernama
Bloomberg
Detroit Free Press
ESPN Soccernet
Malaysiakini
Michigan Daily
The Michigan Independent
MLive
New York Times
New Straits Times Press
Reuters
Space.com
The Star (Malaysia)
The Straits Times
Telegraph.co.uk
Wired
AFC Ajax Amsterdam
Ajax USA
Bazuki Muhammad - The Fotofolio
Earth First!
Earth Liberation Front
Environmental Defense
Greenpeace
Grist Magazine
National Geographic Society
ReCom.org
Seirra Club
US Green Party
UEFA
Utopia
uComics
Wikipedia
World of Warcraft
World Wide Fund for Nature
bs 
Powered by Blogger Powered by Blogger
Creative Commons License

Listed on BlogShares


Google
Web maddruid.com


Template designed by
__earth
or in the duller real life,
Mohd Hafiz Noor Shams
(that's me not you). All media published here are mine and licensed under Creative Commons, unless stated otherwise. I did not create all the icons under Et Cetera except The __earthinc's. I edited Blogger and Atom icons.

Mail me at
mnoorsha [at] umich
[dot] edu